TED Talk: The Rise of the new Global Super Rich Our wealth is in a unfair divide controlled by billionaires. Everyone, including the upper class is affected right now, by what is called a " Plutocracy ". Plutocracy (from Greek πλοῦτος, ploutos, meaning "wealth", and κράτος, kratos, meaning "power, dominion, rule"), also known as plutonomy or plutarchy, defines a society or a system ruled and dominated by the small minority of the top wealthiest citizens. The first known use of the term is 1652.[1] Unlike systems such as democracy, capitalism, socialism or anarchism, plutocracy is not rooted in an established political philosophy and has no formal advocates. The concept of plutocracy may be advocated by the wealthy classes of a society in an indirect or surreptitious fashion, though the term itself is almost always used in a pejorative sense.[2] ~ Wikipedia
Posted on: Sat, 07 Sep 2013 17:45:46 +0000
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